The corrupt Clinton supporting New York Times released an article today on Donald Trump’s taxes that reads –
The New York Times obtained three pages of Mr. Trump’s 1995 tax returns, for filings in New York, New Jersey and Connecticut, marking the first time any of his actual tax returns have been publicly revealed. They showed more than $900 million in losses that could have allowed him to avoid paying any federal income taxes for up to 18 years.
This is just another illegal act by the Clintons and Clinton cronies. First of all, if the tax returns provided to the NYT were legit, it would be illegal for someone other than Mr. Trump or his designates to provide to anyone his tax returns or those of his companies without his permission. Whoever provided these documents to the NYT may have committed a crime unless Mr. Trump gave them the authority to release his returns.
For the NYT to publish this information is also unethical if not criminal. The NYT reported this past week that they support Hillary for President. For the NYT to report Trump’s tax information without his consent, is both unethical and probably criminal.
This is not the first time that Democrats have accused Republicans of not paying their fair share in taxes. In the 1930’s, FDR started a campaign against prominent Republicans like du Pont, Merrill, Lynch, Westinghouse and others. FDR of course was a hypocrite who incurred the same tax loopholes in his returns that he accused others of incurring.
US Tax Law permits taxpayers to avoid taxes within the parameters of the law. If it is true that Mr. Trump offset future profits with past tax loss carryforwards, he is smart in doing so and well within the parameters of the law. Mr. Trump has every right to claim tax loss liabilities, if legit and is smart to do so.
Ultimately it is simply incredible for Liberal Democrats and their phony cronies to compare the alleged legal act of Mr. Trump in legally not paying taxes on profits due to past tax loss carry forwards and yet commit a crime by reporting on Trump’s taxes without his consent and then give the Clintons a pass on their criminal activities surrounding Whitewater, Travelgate, Filegate, Impeachment, Disbarment, Benghazi, the Clinton Foundation and Hillary’s illegal server and email activities, etc.
(The author of this post has a CPA and has attended Board and Audit Committee meetings for profit and non-profit entities around the globe, in the US, Bermuda, Australia, Korea, Taiwan, Japan, Malaysia, Hong Kong, China, Singapore and the UK. Tax loss carryforwards have been discussed at some of these meetings and they are known legal tax offsets.)